Software has started taking over many functions traditionally handled by hardware and networking is but the latest. And a natural outcome of this trend is the setting up of a project that creates open source routing and software-defined networking technologies for the cloud.

Lifestyle applications such as dating and navigation, and eBooks, are slated to become the highest growth area for the global app market over the next five years, but still trailing games which continue to account for the largest share of revenues.

Online accounting software company MYOB has at last confirmed what the market has been expecting for many months, announcing it will list on the Australian Stock Exchange with an IPO which it expects will raise between $831.7 and $833.8 million.